🍻 Join us for happy hour in your sweatpants! In this episode, we answer Russell's question, "What’s your process for building strategy?" Era and Ajay are here to provide a non-filtered primer on what is a good strategy, what's a bad strategy, and the process for building a good one!
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We would love to hear what you think! Have any other process ideas for Russell? Any ideas for great drinking games?! Let us know in the comments! 💬
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✍🏾 Show Notes
7:26 Today’s “Cool Product Thing”
13:30 Show outline
14:07 Join our episode’s drinking game
18:30 What are the 3 components of a strategy
19:57 Diagnosis
22:22 Guiding policy
23:17 An actionable plan
23:45 Strategy example from UberX vs Lyft
29:15 How to know if a strategy is bad
37:00 Methodologies to build a strategy
35:54 How OKRs relate to a strategy
37:16 SWOT method for diagnosis
40:15 Salon style discussion for building a strategy
43:48 Check for wake to evaluate your final strategy
45:14 Share early and often to fine tune
📚 Resources referenced in this episode
Good Strategy, Bad Strategy by Richard Rumelt
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Episode 7: 🧐 How to build a great strategy!